7 City of Lynchburg Housing Market Analysis

The following provides an analysis of major trends impacting housing within the City of Lynchburg.

7.1 Takeaways

Figure 7.1: Lynchburg estimated and projected population

Figure 7.2: Components of population change in Lynchburg

Figure 7.3: Change in households by tenure in Lynchburg

Figure 7.4: Households by tenure and age in Lynchburg

Change in households by size and tenure in Lynchburg

Figure 7.5: Change in senior population in Lynchburg

Figure 7.6: Change in families living with others in Lynchburg

Figure 7.7: Cumulative change in adult children living with parents in Lynchburg

Figure 7.8: Income distribution by tenure in Lynchburg

Figure 7.9: Median household income by tenure in Lynchburg

Figure 7.10: Median household income by race and ethnicity in Lynchburg

Figure 7.11: Distribution of housing stock in Lynchburg in relation to the region

Figure 7.12: Map of manufactured home communities in Lynchburg

Figure 7.13: Manufactured home communities by size in Lynchburg

Figure 7.14: Residential building permits by unit type in Lynchburg

Figure 7.15: Homeownership rate in Lynchburg

Figure 7.16: Lynchburg median home sales price

Figure 7.17: Lynchburg closed home sales

Figure 7.18: Lynchburg average days on market

Figure 7.19: Map of home sales in Lynchburg

Figure 7.20: Quarterly average market asking rent in Lynchburg

Figure 7.21: Map of single-family detached rentals in Lynchburg

Figure 7.22: Single-family detached rentals by Lynchburg ward

Figure 7.23: LIHTC units by affordability commitment expiration in Lynchburg

Figure 7.24: Rental housing gap by AMI in Lynchburg

Figure 7.25: Housing Choice Voucher utilization in Lynchburg